Bon Nebo Co. – current liabilities section – 

Bon Nebo Co. sold 25,000 annual subscriptions of Bjorn 20XXfor $85 during December 2014. These new subscribers will receive monthly issues, beginning inJanuary 2015. In addition, the business had taxable income of $840,000 during the first calendar quarter of2015. The federal tax rate is 40%. A quarterly tax ,payment will be madeon April 12, 2015. Prepare the Current Liabilities section of the balance sheetfor Bon Nebo Co. on March 31, 2015